Volkswagen has succeeded at clamping 49.9% share of Porsche deal at an outright purchase for $5.8 billion. This will make the reversal of fortune for Porsche AG to deconsolidate 51.1%. the acquisition deal will be in effect from 2011, when by there will be a merger of these two companies, said a statement from VW. …
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Chinese Automaker SAIC Targets India
Following a potential deal (50:50) with General Motors for car market, Shanghai Automotive of China entered into another deal. This time it is with the Japan’s pioneer in electronics Pioneer for car navigations systems in China. After a nightmarish deal it had with the Korean firm, Ssangyong Motor for $500 million (2004) SAIC is very …
A hope of rise for Mercedes-Benz in India
The US car maker Mercedes-Benz has good moments to cherish, if the sale of its car brings home fortune. The company sees positive outlook on the rise of sales due to the improved market conditions globally. The luxury segment was the worst-affected last year, but the conditions have revived since July this year, said the …
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GM’s compact car Beat to be priced at Rs 4-5 lakh
The upcoming Auto Expo in New Delhi will see the launch of General Motors’ small car Chevrolet Beat. The current portfolio is filled with Spark and Aveo U-VA and GM is planning to redefine the existing models like U-V instead of withdrawing them. A new model of Captiva is also in the offing for next …
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Honda to have a vivid identity for its 110cc
There wont be any clash of the titans – Hero Honda and Hero Motorcycle &Scooter India, over the launch of new 110cc bike. Splendor and Passion will continue to run on the separate identity from Hero Honda, while HMSI will deliver the new 110cc on its own. HMSI possesses 26% share in Hero Honda and …
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Bajaj launches Pulsar 135cc
You read it first at vicky.in As u read it, Bajaj has launched the Pulsar 135cc (called Bajaj Pulsar 135LS – Light Sport) in Delhi. Powered by 4 stroke, air cooled, 4-valve, single cylinder is of carburetion type. The new pulsar 135cc develops 13.5PS of peak power at 9000rpm and 11.Nm of peak torque at …
Chevrolet Beat – Driven
Catch Test Drive and Review on Chevrolet Beat at http://vicky.in/slideshow/
Hero Electric to assemble e-scooter in foreign soil
The assembling of e-scooter, by Hero Electric, will be hereafter from the foreign markets in a tie-up with local players, from the next year. The company has five models in its portfolio- E-Sprint, Maxi, Optima Plus, Wave Dx and Wave Dx Extra Mile. According to the company’s MD, talks are on now with possible players …
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It
The sales and production of cars in China crossed 12 million in all these 11 months of 2009, said the Association of Automobile Manufacturers of China. With three more weeks in December remaining, it is expected that the figure may cross 13 million. This is the first time that China crossing the 10 million number …
GM is on the recovery zeal
The downfall in the market has not shattered the efforts of General Motors in recovering from the bankruptcy. The company now sees the Indian market as an ideal platform to regain its strength and is on full swing mood. The immediate point is to reach the target of 2 lakh units in another two or …